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Articles on Insurance

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Crews clear lots of destroyed homes in Fort Myers Beach, Fla., in February 2022, four months after Hurricane Ian. Joe Raedle/Getty Images

Climate change is a fiscal disaster for local governments − our study shows how it’s testing communities in Florida

A new study of Florida’s fiscal vulnerability to climate change finds that flooding directly threatens many local tax bases.
Flood survivor Rob Bialowas at his home in Lismore. Jason O'Brien/AAP

Home insurance bills are soaring as climate risks grow. The government should step in

With average insurance premiums up 28% in the past year, there’s growing pressure on the insurance industry to rethink its opposition to a government-owned and run disaster reinsurance pool.
Destroyed homes and buildings in Lahaina on Aug. 10, 2023, in the aftermath of wildfires on western Maui, Hawaii. Patrick T. Fallon / AFP via Getty Images

Wildfires are a severe blow to Maui’s tourism-based economy, but other iconic destinations have come back from similar disasters

Wildfires on Maui are a crippling blow to the island’s tourism industry, which generates half of its jobs. But New Orleans and Kauai show that comebacks are possible.

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